Thursday, November 12, 2009

Bull is sleeping


Dow, S&P 500 were up marginally last night but Hang Seng and STI and reacted negatively today!
This reaction simply indicated that the Bull is still sleeping! We shall see tomorrow to confirm the correction.
Sentiment in this uncertain market movement, I am expecting friday to be another day for profit taking and clear stocks by fund manager before the weekend.
If this cycle is similar to previous, the correction could end around Nov 27 or Dec 4 latest. Shall wait for next opportunity start shopping. Meanwhile, taking a break !
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